First of Recovery Act Water Funds Awarded

Submitted by kherda on April 7, 2009 - 06:25

Source:

EPA

Deck:

New York, West Virginia, Kentucky, North Carolina, Nebraska and Kansas receive grants

In a move that will help create thousands of jobs, boost local economies, improve aging water infrastructure and protect human health and the environment, the U.S. Environmental Protection Agency (EPA) awarded the first of the Clean Water and Drinking Water State Revolving Fund grants under the American Reinvestment and Recovery Act of 2009.

Clean Water State Revolving Fund grants have been made to the states of New York, West Virginia, Kentucky, North Carolina and Nebraska. Drinking Water State Revolving Fund grants have been awarded to the states of Kansas and Nebraska.

This new infusion of money will help state and local governments finance many of the overdue improvements to water and wastewater projects including innovative green projects that save energy, water and further reduce the impact on the environment. The Clean Water State Revolving Fund program provides low-interest loans for water quality protection projects for wastewater treatment, non-point source pollution control and watershed and estuary management. The Drinking Water State Revolving Fund program provides low-interest loans for drinking water systems to finance infrastructure improvements. The drinking water program also emphasizes providing funds to small and disadvantaged communities and to programs that encourage pollution prevention as a tool for ensuring safe drinking water.

An unprecedented $6 billion dollars will be awarded to fund water and wastewater infrastructure projects across the country under the Recovery Act in the form of low-interest loans, principal forgiveness and grants. At least 20% of the funds provided under the Recovery Act are to be used for green infrastructure, water and energy efficiency improvements and other environmentally innovative projects. President Obama signed the American Recovery and Reinvestment Act of 2009 on Feb. 17, 2009, and has directed that the Recovery Act be implemented with unprecedented transparency and accountability. The public can see how funds are being invested at www.recovery.gov[1].